Top Royal Oak, MI Bankruptcy Lawyers Near You
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30833 Northwestern Hwy Ste 205, Farmington Hills, MI 48334
26711 Woodward Ave, Suite 207, Huntington Woods, MI 48070
105 Cass Ave, Mount Clemens, MI 48043
37085 Grand River Ave, Ste 200, Farmington, MI 48335
31201 Chicago Rd S, Suite C-102, Warren, MI 48093
23938 Research Dr, Suite 300, Farmington Hills, MI 48335
30665 Northwestern Highway, Suite 200, Farmington, MI 48334
6440 Lake Meadow Dr, Waterford, MI 48327
8424 E. 12 Mile Road, Suite 200, Warren, MI 48093
300 Park St, Suite 215, Birmingham, MI 48009
41280 Bridge St, Novi, MI 48375
18232 Mack Ave, Grosse Pointe Farms, MI 48236
500 Woodward Avenue, Suite 2700, Detroit, MI 48226
7091 Orchard Lake Road, Suite 270, West Bloomfield, MI 48393
33300 W. Seven Mile Rd., Livonia, MI 48152
550 W. Merrill Street, Suite 100, Birmingham, MI 48009
100 Northpond Dr, Suite A, Walled Lake, MI 48390
12845 Farmington Rd., Suite 1, Livonia, MI 48150
2851 High Meadow Circle, Suite 120, Auburn Hills, MI 48326
PO Box 3512, Farmington Hills, MI 48333
2937 E Grand Blvd, Suite 308, Detroit, MI 48202
39500 High Pointe Blvd, Suite 155, Novi, MI 48375
3150 Livernois, Suite 275, Troy, MI 48083
401 S. Old Woodward Avenue, Suite 400, Birmingham, MI 48009
3290 West Big Beaver, Suite 117, Troy, MI 48084
Royal Oak Bankruptcy Information
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Lead Counsel independently verifies Bankruptcy attorneys in Royal Oak and checks their standing with Michigan bar associations.
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Be in good standing with their bar associations and maintain a clean disciplinary record.
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What Is Bankruptcy?
Bankruptcy is a legal process that allows people to get out from under debts that are causing serious financial harm. Through the bankruptcy process, you may be able to get rid of debts like medical bills, credit card bills, and other unsecured debts. Factors such as your income and whether you have assets that you can sell to pay off some of the debts are taken into account when filing for bankruptcy and will determine what happens.
What Happens When I File for Bankruptcy?
When you file for bankruptcy, you will be under a federal bankruptcy court’s supervision and protection. During this time, you, your lawyer, the court, and your creditors will work on a plan for discharging your eligible debts. Collectors will also be unable to repossess property and garnish your wages or bank accounts during this time.
How Much Does It Cost To File for Bankruptcy?
There is no easy answer to this question. The ultimate cost will be a mix of court filing fees and what you owe your attorney for guiding you through the process. What you owe will depend on how complicated your case is and whether there are any prolonged disputes with creditors. Most likely, however, the debt relief that comes with bankruptcy will outweigh any fees.
How Long Does Bankruptcy Stay on Your Credit Report?
A Chapter 7 bankruptcy filing will stay on your credit report for up to 10 years, while a Chapter 13 will remain for up to seven years. A bankruptcy filing will also harm your credit score. However, if you need to file for bankruptcy, it’s likely your score is not that high anyway, and your bankruptcy will give you a chance at a fresh start and time to rebuild your credit score.